Hamden Receives $60K Equity Distribution from Insurance Provider CIRMA

From the Office of Curt Balzano Leng, Hamden Mayor:

HAMDEN – Mayor Curt Balzano Leng is pleased to announce that the Town of Hamden received an “Equity Distribution” payment from its insurance provider, Connecticut Interlocal Risk Management Agency (CIRMA), a subsidiary of the Connecticut Conference of Municipalities (CCM), which the Town is a member of. The total amount of the equity distribution payment equals $60,330.00.

In a letter to Leng, representatives from CIRMA described the distribution payment as “an extraordinary achievement made possible by the commitment and collaboration of our members, our strong capital position, and stable financial performance”.

Commenting on the receipt of the payment from CIRMA, Leng noted, “Our continued relationship with CIRMA has saved money for our Town. Unlike traditional insurance carriers, CIRMA is managed by municipalities and works for municipalities, and the results show. The cost saving realized by our insurance renewal with CIRMA earlier this year and this Equity Distribution payment add up to substantial savings.”

Image via the Office of Curt Balzano Leng, Hamden Mayor: Mayor Leng, Colleen White, CIRMA and Legislative Council President Jim Pascarella